By E.B. Tucker, editor, Strategic Trader I sat down for half a dozen media interviews this year where I called for $1,500 per ounce of gold in 2019. In several cases, the hosts nagged me about my prediction, asking if I would stick with it. I did. Last month, it hit my target. What I’m telling you today and what I told those same media outlets last week is $1,500 is only the beginning for gold. Because I expect gold to take out its previous high of $1,900. 
In fact, as I told Kitco News last week, from there I see it hitting $2,200 – about a 50% rise from its current price of $1,508 per ounce. | Recommended Link | WARNING: You may not have access to Wall Street insider Jason Bodner's 5 new trade alerts with spectacular profit potential Wednesday @ 8 pm ET: Wall Street insider Jason Bodner is set to release five new stocks in a private event — using his breakthrough stock-picking system, which Ivy League researchers proved has identified the #1 stock on the S&P 500 almost every year over the past three decades, so he believes these stocks may have spectacular profit potential… They are the #1 5G stock… the #1 tech stock… the #1 gold stock… the #1 cryptocurrency stock… and the #1 cannabis stock… But you must pre-register to receive these 5 trade ideas if you wish to receive them — and according to our records, your name is NOT on Jason's VIP list yet. You may only have a few hours left to get in on this… | | | -- | The question reporters ask is, “When?” “When” doesn’t matter to me. I’ll explain why. All of the serious money I’ve made investing came through positioning for a big move and sitting tight. Trading is tough. In and out all the time can work over a short period. But the big gains come from sitting tight. After hitting an all-time high in 2011, the price of gold fell 45% to a low of $1,052 in late 2015. While the Obama administration and the Federal Reserve experimented with radical money policies, gold stayed stuck. Notice in the chart above it didn’t do much after hitting its 2015 low. What’s bad for gold is unbearable for gold miners. They commit to projects assuming they’ll sell produced gold for $1,500. Then it falls to less than $1,100. That means the project is bankrupt before it pours the first gold ounce. That period is over. I can give you a list of anecdotal evidence as proof. Several large mining firms combined this year in order to survive. These were not bidding war takeovers. CEOs got over their egos and merged to avoid losing their companies entirely. But we need more than strong anecdotes to risk money on the gold sector. From our view, that’s why the chart of gold is so important. It’s how I determined $1,500 was an important target for gold this year. If it hit that target, which it did, I felt it was a green light to invest more aggressively for higher prices. The gold chart below goes back to 2014. Notice that after gold hit its low in late 2015 (circled in red), each rally that followed registered a higher low. The pullbacks of 2016 and 2018 (also circled in red) each hit low points higher than the last. To us, this meant it was a matter of time before gold exploded higher. 
Breaking $1,500 was the first test. Now, I expect it to correct, which is market speak for rest and get ready for the next leg higher. That next move for gold will catch mainstream asset managers off guard. As I said above, I expect it to eventually take out its 2011 high. That’s why the current pullback in gold is the perfect time to position for what may come next. If you haven’t already, the first step is buying some physical gold. If you’re new to gold, start with common 1-ounce coins like the ones offered here by Gainesville Coins. I asked Gainesville Coins to create this page as a starting point for Casey Daily Dispatch subscribers who are new to physical gold. We do not receive any compensation from Gainesville Coins for bringing you this offer. Now’s the time to take advantage. You don’t want to be sitting on the sidelines during this gold bull market. Regards, ![[signature]](https://d1w116sruyx1mf.cloudfront.net/ee-assets/channels/article_default/eb_sig.jpg) E.B. Tucker
Editor, Strategic Trader P.S. Gold’s not the only huge money-making opportunity today. I just released an urgent video that all Dispatch readers should check out right away. It all centers on the biggest tech opportunity today… one that’s worth a mind-blowing $23 trillion. It’s something we’ve never seen in the history of America… and may never see in our lifetimes again. As you’ll see, a fleet of “5G freight trucks” are hitting America’s roads. The technology behind them is tied to 5G, but 5,476 times more lucrative. The arrival of these trucks is the first wave in the nationwide adoption of this technology. And most of the public is in the dark about it. This spells opportunity. In fact, if you get involved by December 10, you could claim a winter windfall of $125,000. Here’s how… 
Reader Mailbag Where do you see gold going from here? Will it break its all-time high? Send us your comments, questions, and concerns at feedback@caseyresearch.com.
In Case You Missed It… Doug Casey's "Right-Hand Man" Leaves Us Speechless in South Beach It started in South Beach, Miami. Casey Research's brain trust gathered for a special meeting. Invitation-only. The gentlemen in attendance were, hands down, some of the brightest financial minds on the planet… Cryptocurrency expert Teeka Tiwari was there. New York Times best-selling author Bill Bonner was too. The morning of our meeting, Doug Casey's "right-hand man" stood up. And what he said left everyone speechless. 
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